Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1887-12-01
A NEVADA TRUST COMPANY.
An Eastern Method BEING I'm
troduced i'm This state.


Such companies are very popular
in the East, and the State of Kan
sas, with its unparalleled advance.
, ment, was almost wholly built by
! such company.
There has been considerable in
the papers of this State regarding
the scheme, but the matter has not
as yet been made quite plain to the
public. The object of the Company
is to bring outside capital into this
State to assist in developing it.
The basis on which the Company
does business is mortgages on inn
proved farms. The proposition is to
furnish a medium by which outsid-
ers can invest IN these mortgages,
and have the interest regularly col
lected without the bother of per-
sonal supervision. Another propo-
sition is to lower the rate of interest
in this State from Is per cent. per
annum to 10 per cent. Under the
old system the man who mortgages
his property was almost sure to lose
it, as the high interest eats up the
principal.
The method of doing business in
this Company can be easily illus
trated:
John Smith has . ranch in Car
son Valley worth $40 900 and wishes
TO borrow So 900 on it. He applies to
the Nevada California Loan and In
vestment Company, and they send
an appraiser to his ranch, loaning
on so per cent. of its appraised val
ne, at s or 10 per cent, as the case
may be; the larger the loan the
lower the percentage of interest.
Having advanced the money they
deposit the mortgage in the hands
of their agent in San Francisco,
which is the California Title Insur-
ance and Trust Company; also
bonds to the amount of So 900. The
mortgage being deposited with the
California Trust Company they en-
dorse the bond, holding themselves
responsible for its payment.
Now there comes a man from
New York seeking investment at
per cent, and purchases the bonds,
knowing them to be sound, as the
payment is guaranteed. These in
vestments are so common on this
Coast that Eastern men readily in
vest, and even insurance compan-
les the most cautious of all invest
ors, purchase these bonds.
The investor in these bonds is
really the man who advances the
money on the mortgage and the Ne
vada Company is simply acting as
the agent on commission, but the
bondholder is relieved of all the
bother of placing the mortgage,
and is willing to take the 6 per
cent. instead of s or 10, to be rid of
the details. It is fair to assume
that the ancher who borrows the
money will put that money right
into his property, improving it,
and thereby approaching the value
of the security. The Trust Com
pany of San Francisco is protected
by having the mortgage in its
hand, and the result is that East
ern investors are really sending
money into this State to improve it.
Men who are now paying Is per
cent. per annum in this State will
this lowering of interest.
1t Will do away with the depression
in money circles, and begin the
boom which has been so long edg-
ing this way. The men who are at
the head of the Company arc ranked
among it's most solid and reliable
business men. They need no Ell
dorsement from anybody.
The Famous Merchant Tailor.
For many years, B. Frledlander
has borne the name which he SO
well merited, of being the most ex-
tensive and reliable custom tailor in
San Francisco. His travelling agents
are known in all the leading cities